Webjet Limited (WEB) completed the demerger of Webjet Group Limited (WJL) with a record date of the 24 September 2024 and an implementation date of 30 September 2024.
Eligible shareholders will receive 1 WJL share for each WEB share they held on the record date.
The ATO has issued a Class Ruling for this demerger, and a copy can be obtained from the ATO website at: https://www.ato.gov.au/law/view/document?docid=CLR/CR202469/NAT/ATO/00001
Webjet Limited (WEB) changed its name to Web Travel Group Limited, on the 2 October 2024.
- Click on the 'Portfolio’ tab and then click on the appropriate under ‘My Portfolio(s)’, which includes the WEB shares.
- Under the ‘Securities Held’ section, find the row Webjet Limited (WEB).
Click the drop-down button next to ‘Transactions’ on the same line and select ‘New Reconstruction’.
3. In the Reconstruction window, enter the following:
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- Date as 30/09/2024.
The number of shares participating, should be the same as the number of WEB shares owned on this date. - Under “New holdings for which rollover relief applies” Enter the following:
- Code: WEB
- Quantity: same amount as “number of shares participating” and
- Cost base rolled over (%): 88.64%
- Click on the plus symbol (+) to add another line.
- in the new line, enter in the Code: WJL
- Quantity: same amount as “number of shares participating” and
- Cost base rolled over (%): 11.36
- Date as 30/09/2024.
5. Click the "Trade Allocation" tab.
-
- Confirm that a trade allocation method has been selected.
- If not, from the drop-down menu select one of the following options:
Oldest First, Newest First, Smallest Capital Gain, Largest Capital Gain, or Same Proportion of Each.
6. Optional: Click the “Notes” tab and enter in a note for future reference.
7. Click “Save” and you have accounted for the WEB/WJL demerger in Portfolio Director.
To return to your securities held screen, please scroll to the top of the page and on the left-hand side, just above to Stock’s name, click on the button called “Back to Securities’.
Our team in the office are ready and willing to assist you with any questions you have about any of the content above. Please give us a call on 1300 676 333 or email us at support@lincolnindicators.com.au with any questions you may have.
However, we are not licensed to provide tax advice and therefore anything which relates to tax or your personal circumstances we will not be able to answer. In order to have personal tax or finance questions answered, you will need to seek the services of a licensed practitioner who will be qualified to answer your queries.